Pakistan warms up to digital assets with new bill

Quick Summary:

The new State Bank of Pakistan Act allows the top bank to issue a CBDC and legalizes digital currencies, but it is vague whether public digital assets are legal.

The post Pakistan warms up to digital assets with new bill appeared first on CoinGeek.

Local daily Express Tribune, citing sources within the government, reported that the bill has been forwarded to the federal cabinet for vetting, after which it will be sent to parliament for ultimate approval.

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Article Details

Author / Journalist: Steve Kaaru

Category: Crypto

Markets: CanadaFrancePakistan

Topics: State Bank of Pakistan Finance Central Bank Digital Currency Regulation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 06:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 536 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 23661419

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